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CapitaLand Commercial Trust (formely: CapitaCommercial Trust)
30-07-2017, 12:10 PM,
Post: #41
RE: CapitaLand Commercial Trust (formely: CapitaCommercial Trust)
I am pretty uncomfortable with the ever declining capitalization and discount rates employed by CCT and its valuers. from the table attached, one can see the CAP rate and discount rate used at present is lower than that of 2014. Assuming if rental remains constant, it means property values will just be boosted up.

No doubt Wilkie Edge was sold at such a high valuation to Lian Beng, but it is becoming a game where there must be "a greater fool" in the market to buy.

<Not very excited at how CCT and valuers are shifting its valuation parameters over the years to achieve a high asset base>


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21-09-2017, 12:19 PM,
Post: #42
RE: CapitaLand Commercial Trust (formely: CapitaCommercial Trust)
Request for Trading Halt : Pending release of announcements.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
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21-09-2017, 06:37 PM, (This post was last modified: 21-09-2017, 06:43 PM by CY09.)
Post: #43
RE: CapitaLand Commercial Trust (formely: CapitaCommercial Trust)
CCT is acquiring Asia Tower 2.

The acquisition will be funded by rights issue, its cash reserves and more bank borrowings.

The property is sold to CCT at a net property yield at about 3.6%. Post rights, CCT will be more leveraged and will have a lower yield (DPU) post rights.

I don't find this acquisition accretive to shareholders of CCT.

Presentation of Acquisition: http://infopub.sgx.com/FileOpen/CCT_Inve...eID=471355

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12-04-2018, 02:31 PM,
Post: #44
RE: CapitaLand Commercial Trust (formely: CapitaCommercial Trust)
CapitaSpring secures J.P. Morgan as anchor office tenant

Joint venture partners CapitaLand Limited (CapitaLand), CapitaLand Commercial Trust (CCT) and Mitsubishi Estate Co., Ltd (MEC) unveiled today the name of their upcoming 51-storey skyscraper at 88 Market Street – CapitaSpring.

CapitaLand Commercial Trust owns 45.0% of CapitaSpring, the other joint venture partners are CapitaLand Limited (45.0%) and Mitsubishi Estate Co., Ltd (10.0%).

CapitaSpring which broke ground for construction in February 2018, will be one of the tallest and greenest buildings in Raffles Place, with integrated commercial and community spaces and a City Room at the ground floor. Community events such as fitness sessions and lunchtime performances can be held at the City Room, which will blend into a 12,500-sq-ft public park. Occupants can also look forward to a café, treetop cocoons, sky hammocks, meeting and activity spaces connected by a spiral stairway at the Green Oasis. CapitaSpring will also be home to Singapore’s highest urban farm and a fine-dining restaurant on the rooftop at around 280-metres-high.

J.P. Morgan, the global banking and financial services provider, will take up close to a quarter of the 635,000 square feet (sq ft) of the net lettable area at CapitaSpring. This translates to approximately 155,000 sq ft of premium office space from levels 24 to 30.

More details in http://infopub.sgx.com/FileOpen/News%20R...eID=498756
Specuvestor: Asset - Business - Structure.

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